Thursday, August 12, 2004

Google IPO at What Price?

There has been tremendous buzz recently about the Google IPO. The initial euphoria over a possible return to the go-go days of dotcom IPO mania later tempered and recently degenerated into blatant negativitiy.

Over at CBS marketwatch 70% of nearly 6000 readers voted in a poll that they wouldn't touch the auction. Some feel that this negative wave is just the handiwork of those that want to get the stock at a low price so they can make a killing later.

Anyway, the IPO bidding is imminent and we will all know the results in a week or two. An S&P analyst has recommended that individual investors bid at $110.

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